Originally Posted by
Jimdunbar
Actually our GDP to debt ratio isn’t that great. By a long shot.
136.6%
again, a point in time. You obviously cannot deficit spend and cut taxes forever. But not spending a lot on Covid relief (short term big problem) will cost the country much more in revenues down line than it would save now by not spending it. Crisis stimulus isn’t like social security of welfare. It’s a short term solution for a short term problem.